BitDAO Asks Alameda For Proof of Funds Amid Sudden BIT Dump
BitDAO may terminate its token swap and hold agreement with quant crypto trading firm Alameda Research. This follows fears that Alameda may have dumped 100 million BIT tokens. BitDAO has…
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Almost $400 Million in Liquidations as BTC Drops Below 20K
Despite the rally during the past couple of weeks, the cryptocurrency took a beating today. Bitcoin’s price plunged by more than 5%, dropping $20K. The total liquidations on a 24-hour…
FTX Stablecoin Reserves Dwindle After Binance Promises to Sell FTT
Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday. ETH withdrawals from FTX have…
Sam Bankman-Fried Responds to CZ, Says FTX is Fine
Sam Bankman-Fried, CEO of FTX, has come out to allay fears about the state of the crypto exchange’s finances. Bankman-Fried said the platform has excess cash and clients’ funds are…
FTT Drops 10% After Binance Vows to Dump Its Entire Stash of 23 Million FTX Tokens
In a quick-paced turn of events over the weekend, Binance CEO Changpeng Zhao announced that his company would liquidate all FTT holdings given the “recent revelations.” The statement made FTT…
FTX Very Likely to Launch a Stablecoin, SBF Confirms
The CEO of the popular exchange asserted in a recent interview that the firm is working on launching its own stablecoin. He also confirmed previous reports that FTX is looking…
FTX to Provide $6M for Phishing Victims, But There’s a Catch
The cryptocurrency platform FTX will distribute approximately $6 million to reimburse victims affected by a recent phishing attack. CEO Sam Bankman-Fried revealed this is a one-off decision, underlining that the…
SBF’s Thoughts on Respecting OFAC’s Sanctions List ‘Triggers’ ShapeShift Co-founder
Earlier this week, the crypto billionaire riled the industry by suggesting ways to confront the legal and hacking woes plaguing the ecosystem. Erik Voorhees, ShapeShift co-founder, is the latest one…
FTX US Wins Bid to Acquire Bankrupt Lender Voyager’s Assets
United States-based cryptocurrency exchange FTX.US was approved by the bankruptcy court to enter the asset purchase agreement with the bankrupt crypto lender, Voyager. According to the official announcement, FTX.US is…
Scam Alert: FTX User Lost $1.26M Through 3Commas API
A crypto trader was taken by surprise after hackers reportedly siphoned more than a million dollars worth of digital assets from his FTX account by exploiting an API connected to…
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